During an economic boom, output exceeds potential output

Indicate whether the statement is true or false

TRUE

Economics

You might also like to view...

Which of the following people would be counted as is employed in the Current Population Survey?

A) Rich, who is working 20 hours a week but wants a full-time job B) Misty, who just quit her job to return full-time to school C) April, who just graduated from college and is looking for work D) Jason, who was laid off from work less than 6 months ago but who has stopped looking for work

Economics

Fixed fee contracts are desirable when there is little uncertainty regarding the output

a. True b. False

Economics